Magellan Petroleum Corp. (MPET) CEO William H. Hastings buys 9,138 Shares

President/CEO of Magellan Petroleum Corp. (MPET, Financial) William H. Hastings buys 9,138 shares of MPET on 09/14/2009 at an average price of $1.25 a share.

MAGELLAN PETROLEUM CORP. is engaged directly and through its majority-owned subsidiary in the sale of oil and gas and the exploration for and development of oil and gas reserves. At June 30 1996 Co.'s principal asset was a 50.7% equity interest in its subsidiary Magellan Petroleum Australia Limited. Magellan Petroleum Corp. has a market cap of $53.53 million; its shares were traded at around $1.29 with a P/E ratio of 43 and P/S ratio of 1.9. Magellan Petroleum Corp. had an annual average earning growth of 6% over the past 10 years.

Recent Trades of Magellan Petroleum Corp. by CEO:
  • Buy: President/CEO William H. Hastings bought 40,000 shares of MPET stock on 09/08/2009 at the average price of $1.16; the price of the stock has increased by 11.21% since.

  • Buy: President/CEO William H. Hastings bought 72,900 more shares of MPET stock on 09/02/2009 at the average price of $1.08; the price of the stock has increased by 19.44% since.

  • Buy: President/CEO William H. Hastings bought 53,980 more shares of MPET stock on 05/19/2009 at the average price of $0.97; the price of the stock has increased by 32.99% since.

  • Buy: President/CEO William H. Hastings bought 64,095 more shares of MPET stock on 05/15/2009 at the average price of $0.81; the price of the stock has increased by 59.26% since.



Recent Trades of Magellan Petroleum Corp. by Directors and Officers:
  • Buy: Director, 10% Owner Nikolay V Bogachev bought 568,985 shares of MPET stock on 07/30/2009 at the average price of $1.15; the price of the stock has increased by 12.17% since.

  • Buy: 10% Owner Energy Prize S.a. Young bought 568,985 shares of MPET stock on 07/30/2009 at the average price of $1.15; the price of the stock has increased by 12.17% since.

  • Buy: Director Robert Mollah bought 20,000 shares of MPET stock on 06/05/2009 at the average price of $1.2; the price of the stock has increased by 7.5% since.

  • Buy: Director Ronald Pettirossi bought 2,500 shares of MPET stock on 05/15/2009 at the average price of $0.83; the price of the stock has increased by 55.42% since.

  • Buy: Director Ronald Pettirossi bought 15,500 more shares of MPET stock on 05/13/2009 at the average price of $0.82; the price of the stock has increased by 57.32% since.